Monday -- May 15, 2017

Poll: it's going to be close. Results of the poll in which we  asked whether WTI would hit $50 by Memorial Day. With only two weeks to go, and with WTI surging overnight, it's time to close the poll. The resuts, will WTI hit $50 by Memorial Day, 2017?

• Yes: 45%
• No: 55%

Active rigs:

$49.22	5/15/2017	05/15/2016	05/15/2015	05/15/2014	05/15/2013
Active Rigs	51	27	83	191	194

WTI: $49.55.

RBN Energy: series continues on takeaway capacity in the Marcellus / Utica.

Fracking solutions in the Bakken: of the 72 most recent wells that have come off the confidential list, not including any completed DUCs:

• average number of stages: 37
• average amount of proppant (generally sand only): 7.0 million lbs
• compare to stories coming out of the Permian 
• disclaimer: I know I have not captured all the wells that have come off the confidential list since I started compiling the list on March 4, 2017; some file reports have not scanned the data yet; most laterals are long laterals but EOG is still completed some short laterals; but this llittle exercise gives me an idea of what operators are doing in the Bakken with regard to fracking